SME Times is powered by   
Search News
Just in:   • DPIIT to examine pension funds investment in startups  • US stocks close higher on upbeat jobs report  • DPIIT to set up panels to sort out startups  • Axis Bank's CFO Jairam Sridharan steps down  • 'UK-US trade talks document leak linked to Russia' 
Last updated: 19 Nov, 2019  

Huawei.9.Thmb.jpg US extends Huawei 90-day reprieve for third time

   Top Stories
» DPIIT to set up panels to sort out startups
» Sitharaman invites suggestions on GST
» Naidu calls for making 'Fit India' a mass movement
» Auto component sector's turnover falls over 10 pc
» Several schemes to push women entrepreneurship: Minister
IANS | 19 Nov, 2019
The US Department of Commerce has announced that it would extend a temporary license loosening restrictions on business deals with Chinese tech giant Huawei for another 90 days.

It is the third time that the US government allowed American firms to get the 90-day extension to have "specific, limited engagements in transactions" with Huawei since the Chinese tech giant was put on the Entity List over "national security concerns", in May, Xinhua news agency reported.

The Department had issued 90-day temporary licenses on May 20 and August 19 respectively, to ease off part of those export restrictions.

"The Temporary General License (TGL) extension will allow carriers to continue to service customers in some of the most remote areas of the US who would otherwise be left in the dark," Secretary of Commerce Wilbur Ross said on Monday.

Last week, Ross said that some US rural carriers were dependent on Huawei for their 3G and 4G networks, so the main purpose of the temporary licenses is to let those rural carriers continue to operate.

Outside of the TGL scope, any exports, re-exports, or in-country transfers of items subject to the Export Administration Regulations (EAR) will continue to require a license, if granted, after a review by the Bureau of Industry and Security (BIS) under a presumption of denial, according to the department.

Huawei said in a statement on May 20 that the US export control decision was in no one's interest and will do significant economic harm to the American companies with which the Chinese company does business.

Huawei Chairman Liang Hua said on Monday that the extension's real impact on the tech giant was very limited since its products were able to be shipped without the reliance on the US components and chips, CNBC reported.

In an August statement, Huawei had noted that "the extension of the TGL does not change the fact that Huawei has been treated unjustly", and the company called on the American government to put an end to this unjust treatment and remove it from the Entity List.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 09 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» Starting an import export business: Basic guide for beginners(1)
» India software market grew 12.4% in H1 2019: IDC(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter